NVIDIA Co. (NASDAQ:NVDA) is Scotia Capital Inc.’s 9th Largest Position

Scotia Capital Inc. lifted its holdings in shares of NVIDIA Co. (NASDAQ:NVDA) by 9.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,027,847 shares of the computer hardware maker’s stock after buying an additional 271,556 shares during the period. NVIDIA makes up 2.1% of Scotia Capital Inc.’s portfolio, making the stock its 9th biggest position. Scotia Capital Inc.’s holdings in NVIDIA were worth $406,619,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc. raised its stake in NVIDIA by 7.1% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 6,973 shares of the computer hardware maker’s stock valued at $960,000 after buying an additional 465 shares during the last quarter. Fortune 45 LLC increased its position in NVIDIA by 7.3% during the fourth quarter. Fortune 45 LLC now owns 22,412 shares of the computer hardware maker’s stock valued at $3,010,000 after acquiring an additional 1,517 shares during the last quarter. Waddell & Associates LLC boosted its position in NVIDIA by 1.2% in the fourth quarter. Waddell & Associates LLC now owns 24,124 shares of the computer hardware maker’s stock worth $3,240,000 after purchasing an additional 297 shares during the last quarter. Pinnacle Holdings LLC grew its stake in shares of NVIDIA by 10,262.1% during the 4th quarter. Pinnacle Holdings LLC now owns 28,703 shares of the computer hardware maker’s stock valued at $3,855,000 after purchasing an additional 28,426 shares during the period. Finally, ELCO Management Co. LLC increased its position in shares of NVIDIA by 4.2% during the 4th quarter. ELCO Management Co. LLC now owns 20,562 shares of the computer hardware maker’s stock valued at $2,761,000 after purchasing an additional 827 shares during the last quarter. 65.27% of the stock is currently owned by institutional investors.

Insider Activity

In other NVIDIA news, Director John Dabiri sold 2,663 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $110.00, for a total value of $292,930.00. Following the completion of the sale, the director now directly owns 17,279 shares of the company’s stock, valued at $1,900,690. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert K. Burgess sold 53,324 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $115.49, for a total transaction of $6,158,388.76. Following the transaction, the director now directly owns 251,044 shares in the company, valued at approximately $28,993,071.56. This trade represents a 17.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,147 shares of company stock valued at $17,133,207. 4.23% of the stock is currently owned by company insiders.

NVIDIA Price Performance

NVIDIA stock opened at $116.65 on Friday. NVIDIA Co. has a 12-month low of $86.62 and a 12-month high of $195.95. The company has a current ratio of 4.10, a quick ratio of 3.64 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $110.29 and a 200-day moving average price of $127.37. The firm has a market capitalization of $2.85 trillion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 1.76 and a beta of 2.11.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. NVIDIA had a return on equity of 114.83% and a net margin of 55.69%. The business had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. As a group, equities research analysts forecast that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is 1.36%.

Wall Street Analysts Forecast Growth

NVDA has been the subject of several recent research reports. Hsbc Global Res lowered shares of NVIDIA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 3rd. DZ Bank upgraded NVIDIA from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Citigroup reissued a “buy” rating on shares of NVIDIA in a report on Wednesday, April 16th. Truist Financial raised their price objective on NVIDIA from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of NVIDIA in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.96.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.